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According to the latest Brexit developments, while the United Kingdom is scheduled to leave the European Union on March 29, 2019, union rules on VAT, tariffs, and excise duty will remain in effect until December 31, 2020, an aspect which professional services firm Deloitte says may affect Hungarian firms.

The Hungarian Chamber of Commerce and Industry (MKIK) is proposing that the National Tax and Customs Administration (NAV) prepare small businesses’ tax returns, MKIK President László Parragh said at a meeting of the local business chamber of Nagykanizsa on Monday, according to Hungarian news agency MTI.

The American Chamber of Commerce in Hungary (AmCham), through its Investment Policy Task Force, has partnered with the Hungarian Association of Customs Affairs (MVSZ) to review the experience of exporting dual-use goods through Hungarian export control.

Criminal investigations launched by Hungaryʼs National Tax and Customs Administration (NAV) in 6,250 instances against taxpayers in 2016 are estimated to have generated more than HUF 109 bln in damages for the authority, according to a report released by NAV on Monday.

There were 2,671 private taxpayers and self-employed individuals owing more than HUF 10 million each in back taxes for at least 180 days at the end of the third quarter, figures from the National Tax and Customs Administration (NAV) show, Hungarian news agency MTI reported today.

The Hungarian National Tax and Customs Authority (NAV) levied a total fine of approximately HUF 3.6 million on Uber drivers, which the authority deemed have operated illegally since the beginning of the year, NAV told Hungarian news agency MTI today.

Once the restructuring of Hungary’s National Tax and Customs Authority is complete – it currently stands at 60% completion – the authority will play an “important role” in the planned increase of corporate tax revenue in 2017, Hungary’s National Economy Minister Mihály Varga said late yesterday.

During its most recent investigation, Hungary’s National Tax and Customs Authority (NAV), with the help of local police, confiscated approximately 150 million contraband cigarettes and an entire fully functioning tobacco factory in Szigetszentmiklós, Hungarian online daily index.hu reported yesterday.

With the introduction of a new career path model, employees of Hungary’s National Tax and Customs Authority (NAV) are expected to receive 30%-50% in pay raises, András Tállai (pictured), state secretary and NAV chief, said yesterday, according to reports.